The global chip shortage looks set to last until 2023, say industry analysts.
Today, chips are in everything from PlayStation 5 and toothbrushes to washing machines and alarm clocks. But there is not enough to use them - the lack of chips is a multifaceted issue that shows no signs of receding, leading some to call the current crisis "chipageddon".
Glenn O'Donnell, vice president of research at Forrester Consulting, believes the chip shortage could last until 2023.
"Because demand will remain high and supply will remain limited, we expect this shortage to last until 2022 or 2023," he said in a statement to a blog.
O'Donnell expects demand for computers, which contain some of the most advanced chips, to "calm down for a while" next year, but "not much."
Meanwhile, he expects data centers, which are full of computer servers, to buy more chips next year after what he describes as "sad 2020".
"Combine this with the unwavering desire to organize everything, along with its continued development. cloud computing and cryptocurrency mining"And you will understand why the demand for chips will continue to grow," said O'Donell.
Meanwhile, Patrick Armstrong, CIO of Plurimi Investment Managers, told CNBC "Street Signs Europe" last week that he believes the chip shortage will last 18 months. "It's not just cars. It's the phones. It's the internet of everything. "There are so many products now that have many more chips than ever before," he said. "Everything is connected to the internet."
Meanwhile, the CEO of German chipmaker Infineon said last Tuesday that the semiconductor industry is in an uncontrolled area.
Reinhard Ploss told CNBC's "Street Signs Europe" last week that it was "very clear that it would take time" for supply and demand to balance.
"I think the two years are many, but we will definitely see it reach 2022," he said. "I think there will be additional capacity. I expect a more balanced situation next calendar year."
Wenzhe Zhao, director of global economics and strategy at Credit Suisse, said last Wednesday that recent chip shortages have encouraged stockpiling along chip chains, widening the gap between rising demand and stagnant supply.
Zhao said the new semiconductor capacity will not be eliminated until 2022 or later, adding that little can be done to address the current shortage.
Source of information: cnbc.com